BY DAN VALENTI

PLANET VALENTI NEWS AND COMMENTARY

(FORTRESS OF SOLITUDE, MONDAY SEPT. 20, 2021) — THE PLANET finds it curious that liberals enjoy it so much when government at any level raises taxes. Conservatives love it too, but at least they have the courtesy to say they don’t. Truth is, whatever party gets in, they’re going to keep the budget and the tax rate ballooning and buffooning.

The size of government is never truly reduced. Like a demented Energizer rabbit, it just keeps growing, and growing, and growing.

The Biden-Pelosi-Harris (BPH) Capitalism-Is-Evil Tax Hikes, however, stands out in the annals as the biggest in history. The BPH swindle, designed to pay for the President’s un-president-ed $3.5 trillion social services giveaway, will take the money out of YOUR pockets, Mary Jane and Joe Kapanski. The rich dudes will either find the loopholes or if not just pass the increases along to that thing they call “the consumer.”

Oh yeah, and that “$3.5 trillion?” Actually, the final cost will be between $5 and $5.5 trillion.

Used to be we tossed “billions” around like we were haying a field in Elmsville, New Brunswick, Canada. As the stentorian Sen. Everett Dirksen, Seanate minority leader for a million years, once observed, “A billion here, a billion there. Pretty soon we’re talking real money.” Now “T” has replaced “B.”

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From labnol dot org:

For people who can visualize one million dollars, the comparison made on CNN should give you an idea about a trillion – “if you start spending a million dollars every single day since Jesus was born, you still wouldn’t have spend a trillion dollars”.

Another mathematician puts it like this: “1 million seconds is about 11.5 days, 1 billion seconds is about 32 years while a trillion seconds is equal to 32,000 years“.

Now if the above comparisons weren’t really helpful, check another illustration that compares the built of an average human being against a stack of $100 currency notes bundles.

A bundle of $100 notes is equivalent to $10,000 and that can easily fit in your pocket. 1 million dollars will probably fit inside a standard shopping bag while a billion dollars would occupy a small room of your house.

With this background in mind, 1 trillion (1,000,000,000,000) is 1000 times bigger than 1 billion and would therefore take up an entire football field – the man is still standing in the bottom-left corner.

Related: Visualize Units of Measurement

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The BPH proposal is nothing less than a raid on business and a slaughter of investors — you know, the very people who generate the most wealth for the economy. This will irreparably harm the vanishing middle class. Once again, while the Democrats buy votes among the bottom feeders, the Kapanskis get killed.

In turn, it represents a specious assault on good-ol’ greedy American capitalism — in favor of good ol’ even-greedier “cradle-to-grave/womb-to-tomb” U.S. socialism. In addition to crippling business, the economy, and the GDP, the Biden-Pelosi tax hike will penalize entrepreneurship, act as a disincentive for “gimme groups” to get off their lazy butts, and place the national debt in orbit lock box at a time when we’re already perilously close to the debt ceiling. Of course, even that’s no problem. Washington will simply raise the ceiling again.

Not only does the tax hike penalize the cost of striving for prosperity, it rewards economic infantilization. Why bother to try getting ahead when Big Government will feed, shelter, and clothe you for the rest of your life?

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Syracuse Joe called the tax proposal “an inflection point,” whatever the heck that means.

Under the plan, the corporate tax rate jumps to 26.5%, up from 21%. Similar crushing hikes will also hit capital gains, what investors make from taking a risk with their own money, and other investment income. This further penalizes those who try to secure their own economic futures rather than holding out their cup for a ladle of Big Government gruel.

THE PLANET can’t even get into the incalculable costs to human self-worth and self-respect caused by this unprecedented expansion of the “social services safety net,” history’s greatest disincentive to try to improve one’s lot by one’s own wits and work.

The marginal tax rate will rise to almost 40%, but most sobering of all, it’s not as much as Nancy Pelosi and VP Kamala Harris wanted. THE PLANET‘s not saying Biden was nagged into his actions, but a man will sometimes do anything to avoid those shrill trumpets of badgering belligerence.

And wait till you see what effect this crippling measure will have on China. The globe’s best practitioner of refined capitalism will cement its standing as the new world superpower. Which reminds THE PLANET to begin brushing up on our Mandarin.

Ah, a trillion here, a trillion there …

“I’m a hard-working, bread-baking … delivery guy who happens to be immensely successful” — Jimmy John’s founder Jim Liautaud discussing plans to relocate his company after the tax hike because he is sick of being “pummeled” by government.

“OPEN THE WINDOW, AUNT MILLIE.”

LOVE TO ALL.

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